CoStar, Randyl Drummer
Project Would Be Built at Site of Equity’s Commonwealth’s Bellevue Corporate Center
The city of Bellevue has approved a master development plan for 600 Bellevue, a proposal by Equity Commonwealth (NYSE: EQC) and Seattle developer Touchstone to build a 450-foot-tall, 794,000-square-foot office tower, and 435-foot-tall, 491,000-square-foot hotel at EQC’s Bellevue Corporate Plaza.
An existing parking garage and transit building on the site at 600 108th Ave NE would be demolished in the development, which could be built in phases or, more likely, as one project, according to Bellevue Development Services Department documents.
Chicago-based Equity Commonwealth, headed by legendary real estate executive Sam Zell, operates a 10-story office building at the site. The new development will include the two towers built over a 40-foot podium that will include retail, a 370-space above-ground parking and building lobby areas along street frontages facing 110th Avenue NE and the NE 6th Street Transit Center.
Another 1,590 parking spaces would be included in a below-grade parking garage under the podium, according to city documents.
Other prominent buildings in the area include the Symetra building on 108th Ave. NE to the west, The Bravern and Meydenbauer Center to the east, and City Hall, and City Center I and II to the east.